Clarification regarding Easy Exit Scheme (EES)

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..... rar of Companies. Subjects:- Clarification regarding Easy Exit Scheme (EES) Ministry has received certain proposals for simplification in the procedures of Easy Exit Scheme (EES), 2011. The proposals have been examined in the Ministry and the revised simplified procedures for dealing with applications under Easy Exit Scheme (EES), 2011 are enclosed herewith. REIVSED PROCEDURE FOR EAS .....

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..... me of the company should be taken only after disposal of compounding application by the competent authority. 2. How to deal with Companies having assets and liabilities is not specifically discussed in the scheme. Ministry cannot advise directors and share-holders for waiver of their liabilities and distribution of assets, to the shareholder other than the process provided in .....

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..... ng that the applicants are present Directors of company can be considered. 5. Indemnity Bond and affidavit needs to be furnished by the directors. Foreign nationals and NRIs have to get their Indemnity Bond and Affidavit notarized as per their respective country s law. Yours faithfully (J.N. Tikku) Joint Director - Circular - Trade Notice - Public Notice .....

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